Ability to pay customer reimbursements and credit notes

FeatureGeneral availability on-premisesGeneral availability onlinePublic preview
Ability to pay customer reimbursements and credit notesMar 1, 2022Apr 1, 2022-

Business value

In case there is a need to cancel all or part of an invoice that have already been issued a credit note and reimbursement should be issued. This will be supported by Payment Management as credit note and reimbursement payments will be generated and validated in the payment journal.

Also as the payments are processed by Payment Management they will be posted with a unique payment id which will be used to apply the bank account ledger entries in the bank account reconciliation.

Feature details

Currently Payment Management only supports processing vendor payments from the payment journal. With this new feature Payment Management will also support customer reimbursement and credit notes to be processed for payment in the payment journal. The payments will be created with a unique payment reference id.